- September 11, 2020
- Posted by: Analysis Team
- Category: Forex News
CME Group’s advanced readings for Natural Gas futures markets noted traders increased their open interest positions by nearly 6.5K contracts, reaching the second build in a row. Volume, instead, reversed three consecutive pullbacks and went down by nearly 131K contracts.
NATURAL GAS FACES THE NEXT SUPPORT NEAR $2.10/MMBTU
Prices of Natural Gas dropped to the $2.30 region on Thursday amidst rising open interest. Against this, prices of the commodity are likely to extend the pullback in the near-term. Initial support is now seen around $2.10, or early August lows.